Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Pernas Research’s Q3 2024 Investor Letter

Pernas Research LLC manages assets in the “Pernas Portfolio” released its third quarter 2024 investor letter. The portfolio returned 18.3% in the quarter compared to a 5.9% return for the S&P 500 Index and a 9.2% return for the Russell 2000 Index. During the quarter, inflation fell, the Fed dropped rates by 50 basis points, high-yield spreads tightened, and some of the portfolio’s smaller-cap stocks rose. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Pernas Research’s Q3 2024 investor letter can be downloaded here.